| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $1M | -19.5% | 47.1% |
| Op. Income | -$17M | -$15M | -$16M | -15.2% | -5.3% |
| Gross Margin | -64.6% | -31.2% | -164.0% | -33.4pp | 99.4pp |
| Net Margin | -3806.3% | -1688.6% | -3022.0% | -2117.7pp | -784.3pp |
| EPS (Diluted) | $-0.45 | $-0.27 | $-0.28 | -66.7% | -60.7% |
| Free Cash Flow | -$12M | -$12M | -$7M | -0.9% | -71.4% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $3M |
| GROSS PROFIT | -$994.0K |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $12M |
| Operating Expenses | $16M |
| Cost & Expenses | $19M |
| OPERATING INCOME | -$17M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | -$59M |
| Income Tax Expense | $58.0K |
| Net Income from Continuing Ops | -$59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$59M |
| D&A | $1M |
| EBIT | -$17M |
| EBITDA | -$16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$59M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $39M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$131.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$31M |
| Sales/Maturities of Investments | $35M |
| Other Investing Activities | -$101.0K |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $120M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $199.0K |
| NET CASH FROM FINANCING | $120M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | $111M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $150M |
| Short-Term Investments | $38M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $193M |
| PP&E (Net) | $34M |
| Goodwill | $18M |
| Intangible Assets | $9M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $75M |
| TOTAL ASSETS | $269M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $310.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $213M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $250M |
| TOTAL LIABILITIES | $262M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $926M |
| Retained Earnings | -$921M |
| Treasury Stock | -$693.0K |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | $0 |
| TOTAL EQUITY | $7M |
| TOTAL LIABILITIES & EQUITY | $269M |
| Total Debt | $230M |
| Net Debt | $80M |
